Question: Fishing Charters has collected the following data for the 31 adjusting entries: View the data.LOADING... Read the requirements.LOADING... Question content area bottom Part 1 Requirement

Fishing Charters has collected the following data for the 31 adjusting entries: View the data.LOADING... Read the requirements.LOADING... Question content area bottom Part 1 Requirement 1. Journalize the adjusting entries needed on 31 for Fishing Charters. Assume Fishing Charters records adjusting entries only at the end of the year. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. The company received its electric bill on 20 for but will not pay it until 5. (Use the Utilities Payable account.) Date Accounts and Explanation Debit Credit (a) Dec. 31

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